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Economic Calendar Terms

Industrial production

Statistics Denmark
Sejrøgade 11
2100 København
045–3917–3917

Total Industrial production excluding building of ships and boats.

Changes in the volume of the physical output of the nation s factories, mine and utilities are measured by the index of industrial production. The figure is calculated as a weighted aggregate of goods and reported in headlines as a percent change from previous months.However, it is used as a leading indicator and helps in forecasting GDP changes.

Rising industrial production figures signify increasing economic growth and can positively influence the sentiment towards local currency.